VIPUL

1. Improvement In GSTR-1: Arevamped&enhancedversionofGSTR-1/IFFisbeingmadeavailableontheGSTPortaltoimprovethetaxpayer experience.GSTR-1 can be viewed as usual by navigating from Returns Dashboard > Selection of Period > Detailsofoutward supplies of goods or servicesGSTR-1 >PrepareOnline.Thefollowingprovidesanoverviewoftheupdatedfunctionalityandtheirbenefits inPhase1: (A)...

Latest Notifications Issued By CBIC: Notification No. 15/2021 –Central Tax i) Composite supply of works contract to Govt. Entity or Govt. Authority will be taxable @18 percent w.e.f. 01st January,...

GST WEEKLY UPDATE : [Period 08/11/21 to 14/11/21] 1. Common Errors & Suggested Solutions relating to the GST reg application, Appeal , GSTR-9 & 9C matter as under by the...

CBIC issues Guidelines for disallowing Debit of Electronic Credit Ledger under GST The CBIC vide CBEC-20/16/05/2021-GST/1552 dated November 02, 2021 issued guidelines for disallowing debit of electronic credit ledger under Rule 86A...

Latest GST Portal Weekly News, Information, Circular, Notifications & Announcements [Period 25/10/21 to 31/10/21] 1. CBIC Notified that Permanent Transfer of IPRs attracts 18% GST: The CBIC has notified that...

1. GST Advisory On Availability Of ITC For F.Y.2020-21: As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and debit...

GSTN to soon make enhanced facilities of GST Return, Refund, Registration available on GST portal: Returns Auto-Interest Computation in R-3B/CMP-8/R-5Negative Liability in GSTR-3BChanges in Comparison Report Refunds Converting IGST Refund...

1. Precaution to be taken before filling of the September-2021 GSTR-1 monthly & quarterly returns & GSTR-3B return · Avail pending ITCp It is the last chance for availing the...

1. CBIC Clarifies Regarding Amount of CGST, SGST, or IGST wrongly paid for Intra-State or Inter-State shall be Refunded within 2 years: CBIC has clarified that the term “subsequently held”...

Recommendations For GST Changes By 45th GST Council Meeting: Construction Industry: Brick kilns would be brought under special composition scheme with threshold limit of Rs.20 lakhs, with effect from 1.4.2022....